BitMEX co-founder Arthur Hayes is increasing his bullish sentiment on both Dogecoin (DOGE) and Pendle (PENDLE) despite the sudden cryptocurrency decline.
Hayes told his 524,900 followers on social media platform
“I like this choppy movement on the price drop of this shitcoin. “I’m adding PENDLE and DOGE to my bag.”
DOGE is trading at $0.12 at the time of this writing, up more than 2% in the last 24 hours. Meanwhile, PENDLE is trading at $5.65 at the time of this writing, up nearly 13% on the day.
Hayes, who is also an advisor to the Pendle project, was recently seen locking up $8.4 million worth of PENDLE tokens as of September 5th of this year.
PENDLE, the platform’s native token, can be used to receive rewards from those who provide liquidity to the protocol. PENDLE token lock-up is possible for up to two years and allows users to vote on governance proposals while also earning 3% of all profits generated in YT (yield token).
Another project that Hayes is bullish on is Aptos (APT), an Ethereum (ETH) competitor. Hayes predicts that layer 1 (L1) smart contract blockchain Aptos will overtake Solana (SOL) in this market cycle within one to three years.
Aptos is trading at $6.81 at the time of this writing, up more than 2% in the last 24 hours.
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